China is committed to promoting the economic transformation from investment-driven to consumer-driven, yet high property price is increasingly inhibiting the consumption, especially in Beijing, Shanghai and other high prices big city. On the macro point of view, the rise in property price, represented by house prices, not only creates an extremely large and universal asset bubble in China, the huge debt burden borne by the residents for the purchase of housing, but also has inhibitory effect on the consumption of Chinese ordinary residents. In addition, the high asset bubble brought a considerable part of the assets outflow to foreign countries, and this is not very good for China's domestic consumption.